Tether Co-Founder on Bitcoin's Bounce, Clarity Act Hopes

What happened

Bill Quigley, Co-Founder of Tether and Wax, explains that Bitcoin is increasingly behaving like a gold hedge against U.S. government inflation, with its correlation to gold rising to 0.71. This shift has contributed to Bitcoin's 35% increase since June lows. He speaks with Romaine Bostick & Emily Graffeo on "The Close." (Source: Bloomberg)

Summary assembled by rule from the sources below

Timeline

1. 21:25
   First appeared on Bloomberg TechnologyBloomberg Technology

Sources